lake country DETACHED - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 9.4 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 36% VS 2023
▲ 28% VS 2023
▲ 38% VS 2023
▼ 6% VS 2023
There were 103 detached listings in Lake Country in December, 20% below November and 6% lower than December 2023. December detached home sales decreased by 27% month-over-month, to 11, and were 38% above December 2023. The months of inventory for detached in the Lake Country, at 9.4, re)ected a buyers' market. The detached median price in December was $1,035,000, a 14% decrease from November and 28% above December 2023. The average sold price was $1,208,255, 17% below last month and up 36% to December 2023.
THIS MONTH No. $1,208,255 $1,035,000 9.4 11 103
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$885,731 $810,500 13.8 8 110
36% 28% -32% 38% -6%
$1,454,433 $1,206,000 8.6 15 129
-17% -14% 9% -27% -20%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
175
90
165
185
181
159
179
82
145
152
129
110
114
63
104
103
22
18
15
15
14
13
12
11
9
9
7
11
8
$1.23M
$1.21M
$1.16M $1.15M
$1.03M
$1.00M
$995K
$995K
$973K
$926K
$930K
$811K
$792K
Dec-23
Nov-24
Dec-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
18.0
15
14.0
10
6.5
6.0
5.7
5.0
5.0
5
3.0
0
<$600K
$600K-799K
$800K-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M
$3.0M+
MOI INVENTORY SALES
1 5 5.0
1 3 3.0
3 17 5.7
1 18 18.0
2 13 6.5
1 5 5.0
1 6 6.0
1 14 14.0
0 7 n/a
0 15 n/a
Copyright © 2025 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of January 13, 2025. All data from Association of Interior Realtors & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 15 ●
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